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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (98769)9/23/2002 10:51:15 AM
From: Zeev Hed  Read Replies (1) | Respond to of 99280
 
In edit, and now took the discount of $.52 on INVN back in here at $31.68. Also back in MU here at $12.88, it owes me...

Not much, we already had a series of very high P/C ratio last week, on July 23 the P/C ratio was under .70 and the next day we had a good local bottom. Here we are printing new lows on the Naz and the sox, more than I thought we would go (I did not think we would print new lows on the Naz, the sox is approaching my target of 237). I think that the risk of another major step down are not great, and actually continued deployment here with GENZ at $20.80 and ADRX at $21.89. Also got back in CCMP here at $37.82, a nice discount of $1.06 from last sale.

Zeev



To: Steve Lee who wrote (98769)9/23/2002 11:29:37 AM
From: LTK007  Respond to of 99280
 
well it is holding at 1189 support. In terms of bounce i think to 20ema is about the max it can get,imo.
stockcharts.com[e,a]declyyay[pc5!c8!c13!c20!c50!d20,2][vc60][iUb14!La12,26,9!Li14,3!Lh14,3!Lc20][J6490254,Y]&pref=G Max p.s. all fast stos beginning to curl a bit upwards.



To: Steve Lee who wrote (98769)9/23/2002 11:33:37 AM
From: LTK007  Respond to of 99280
 
A failure here would bring in a lot fear from traders, imo.
As it would be quite an unexpected move. Max



To: Steve Lee who wrote (98769)9/23/2002 3:59:13 PM
From: LTK007  Respond to of 99280
 
The break of support today may have been MMs trying get shorts to be suckered. But bounce to 1190 is feeble looking.
Only thing good now is we are super oversold, and any bounce will just be to relieve that condition. 1000 area looking like a given in days/weeks ahead,imo.Max